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25 5 A father wants to set up a bank account that will pay his daughter $18,000 at the end of quarter (EOQ) 4 and
25 5 A father wants to set up a bank account that will pay his daughter $18,000 at the end of quarter (EOQ) 4 and $32,000 at EOQ 8. He will fund this account by making quarterly payments of SX from EOQ 1 through EOQ 7. If the quarterly percentage rate is 2%, what is the value of $X that must be deposited into the account? out of O a. 6,123.852 O b. 6,240.157 O c. 6,621.507 O d. 6,789.396 O e. 6,082.880
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